ATOM May Not Get Above $7.50
Cosmos prices are steadily going up adding 9.0% to $7.14 per token since the3 beginning of the week. This rise is prompted by the news of a possible sooner-than expected registration of the first spot Bitcoin-ETF in the United States. As soon as this rally would be over the recovery of altcoins could end too. Bitcoin prices already added 30% since the fake news about first spot Bitcoin-ETF approval by the SEC hit the market. The major cryptocurrency is nearing the important resistance at $36,000-38,000 per coin. It BTC prices would be correcting altcoins would have no “fuel” for a further rally.
Meanwhile, investors are inspired form a possible swift approval of the first spot Bitcoin-ETF from BlackRock. This a perfect time to push ATOM prices above $7.50 per token. Otherwise, the rally may be exhausted, and ATOM prices will resume falling towards the support at $5.00.
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